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tv   Business - News  Deutsche Welle  February 18, 2019 3:45pm-4:01pm CET

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give them some robot muscles to assist as. this is did of your business asia. an apparent thaw in the trade dispute between the u.s. and china has lifted the mood across asia with optimistic comments from both sides after talks in beijing last week and another round scheduled this week stock markets across the region have risen on hopes of a timely end to the long running trade disputes the effect was felt across the region but china itself enjoyed the biggest benefit. they've been taking place at the highest level but even president she's involvement wasn't enough to finalize trade talks between the u.s. and china on friday however u.s. treasury secretary steven chu chin and trade representative robert like tai's his trip to beijing ended with a sense of real optimism with unanimity around the table that progress on key issues was made. a good feeling on wall street on friday translated to the asian markets on monday in china the shanghai composite index ended two point seven
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percent higher its highest close since september the regional optimism was also plain to see in hong kong where the hang seng was up one point six percent and in tokyo the nikkei got a one point eight percent boost. the big picture is that china is particularly keen to strike an agreement to avoid the u.s. introducing more punishing tariffs on chinese imports president trump has hinted that the first of march deadline could be pushed back if progress continues to be made some economists not exactly thrilled by that idea saying it would only prolong the market turmoil but both sides still hope to deliver a deal talks continue this week this time in washington. well let's see how things are standing this side of the pantone all copers our first bonded out the french stock exchange how does all this play in european markets today. well garrett we have to remember that the trade conflict i guess we should say a trade war between washington and beijing that this has been the most dominating
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topic here for months as the stock market in frankfurt and also at other exchanges in europe so there is some relief some optimism that this trade issue which we in washington and beijing could be solved we're hearing that those talks are going to continue in the next days and when you talk to investors they do believe that most likely by march first that was the deadline u.s. president donald trump was always talking about that by that deadline we won't see those new terrors worth more than two hundred fifty billion u.s. dollars being implemented so that's good news on the other hand the market is a little bit nervous because of possible new terrors in the car sector from the united states. in frankfurt thank you and those news about the car sector our next topic of course the u.s. commerce department has delivered the results of a fair trade investigation called for by the white house it concludes that vehicle
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imports pose a threat to national security the move could open a new front in president transamerica first trade agenda or signal could impose painful to unity of tariffs on mainly german carmakers of up to twenty five percent american consumers advocates consumer advocates fear car prices across the board could rise by some five thousand dollars since all manufacturers use imported parts german car makers say washington accuse asians incomprehensible. well so how would a fresh set of tariffs actually affect countries that export cars to the u.s. germany's leading economic think tank the institute ran the numbers their conclusions are quite dramatic let's look first at the biggest current parts exporters to the u.s. that are u.s. mexico and canada they would not be affected you do their current trade agreements with the u.s. senate zoom in on another huge exporter and that is germany the study found that a new twenty five percent tariff trump has threatened would cut
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a german car explored revenues in half from thirty four billion dollars to just seventeen billion the u.s. would pour in another eight spawn six billion euros in a tariff revenue and the e.u. would lose almost as much the you could even things up with counter-terrorist but that would hurt the global economy so the numbers once again show how trade disputes have a ripple effect around the world and the government in berlin is deeply worried too on the american express rather strong feelings about the new terrorist threats here's what she said oh this man did not german cars are also built in the united states you know i know the south carolina is actually b.m.w.'s biggest factory. cars are being built here in south carolina or in bavaria if they're considered a threat to the national security of the united states that comes as a shock to us betsy and to do one good ninety nine he said if i need god i mean it hasn't been inspected. so shocked chancellor merkel they are clearly worried about
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germany's biggest export industry so how bad will it get let's bring in martin baba he's a trade expert at the if institute in munich and joins us now from there how in the short term how would this affect german car companies let's say in the next ninety days well in the next ninety days there will be a lot of uncertainty a common effect for us will find ways to circumvent the newly imposed tariff sort of terrorists that will be imposed then after nineteen days probably they will shift production towards the united states or to mexico and to somehow circumvent terrorists and then also. by price reduction and they are sure of share of burden. for the german economy on the whole what would a new set of terror mean well this is definitely an attack on the heart of the german economy or on the heart of the european economy the german car manufacturing
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production that work is not just located in germany but also in many eastern european countries so this is definitely an attack on the. economic structure of the continent. or are we likely to see it as a reaction from the you are likely to seek and to terrorists. i guess so so already last year when the united states imposed steel and aluminum tariffs also the argument of a threat to national security and the european commission responded by counterterrorist ritalin tory measures come in place and probably does this the only signal that we can send to washington to go back on the negotiation table and to find a way to abolish all terrorists that are imposed right now do you think is this threat to national security this argument that donald trump is using that is it valid or is that completely over that's all i really think it does over the top and
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it causes a great threat to the. trading system as it is right now it is a principle by the w.t. oded national security concerns can only brought up by the respective countries so no court can judge against the united states in this case but if this finds imitations than almost any product really in the future be subject to terrorist was there is argument of a threat to national security so this is really harmful for the vote trading system martin bomb of that right expert at evil institute in munich thank you very much for joining us here on the ws and thank you asia and here are some of the other headlines in the world of business today. british law makers of slimes facebook for dates or abuse a parliamentary committee concluded the tech giant could be investigated for intentionally violating privacy laws the u.k.'s lawmakers are also calling for
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a regulator to be set up to police content on social media sites would be financed by a new levy on tech companies. hundreds of passengers have been left stranded across europe by the collapse of british alan fly b.m.i. the carrier blamed the uncertainty around breaks it for its decision to seize operations and file for bankruptcy fly b.m.i. had nearly four hundred employees in britain germany sweden and belgium. car sales in china fold for seven months in a row in january that dropped by almost sixteen percent compared with january a year ago china's association of automobile manufacturers says the decline is down to an overall slowdown in the chinese economy. now this year german medical supply also box celebrates its one hundredth birthday across asia the company is best known for its prosthetics artificial bodyparts which is first built
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for german soldiers returning for work from world war one today also bach is helping veterans of the workforce the exoskeleton supporting the body of aging workers and help lessen the impact of manual labor with german workers growing older and their replacements increasingly difficult to find it's a technology that is welcomed by many companies. at first a few adjustments are needed to fit the exoskeletons onto their backs. an employee at medical prosthetics maker out of book shows them how to put them on. with a little practice he says it should be possible to do it in just thirty seconds this axis gallatin will fit anyone who's up to one meter ninety two on. this unit is it like a normal jacket it's like a backpack. electricians dieter harbor corn and to be as prominent have a lot of smoke alarms to install today mounting them on the ceiling with raised arms is tiring work so the powered exoskeletons are designed to help them get the
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job done. it really helps a lot it reduces a lot of the force of what does it feel like. it's like there's somebody down below pushing with. just over seven years ago otto book began developing exoskeletons to assist in overhead work from the start there was a lot of interest from industry. one problem for the ultimate b. linda st he said it's getting harder to find qualified personnel employees are getting older and as i get older the strain on the muscles and joints increases. the risk of injury then employers face the choice should i also might keep these people. the company decided to develop a purely mechanical system instead of sophisticated electronics it uses intelligent
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cable pull technology designed for the industrial workplace. the workers have to move around in many directions quickly under time pressure but they have to be able to move freely anything restrictive is not an option that was the big challenge to build something that will assist but not restrict them. i'm trying. to book sold more than a thousand of the exoskeletons last year they've already passed the first tests on construction sites. holding even heavy tools is very easy with one of these devices . and that's it from many other businesses here and. that's up next right after this big check on global mock.
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subscribe to the documentary on to. the a. play. place. this is news coming to you live from berlin european states pledged to work together to deal with their islamic state fighters captured in syria u.s. president has threatened to allow eight hundred europeans captured in syria infiltrate the continent's unless their own states put them on trial coming up. nuclear waste in a perilous condition in germany it's a race against time to move the barrels. where they're stored slowly.
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